David G. CreightonPresident and CEO

Cordiant Capital Inc.

May 27, 2010

TBLI Conference Asia 2010:Impact Investing in the Emerging

Markets

Who is Cordiant?

• Montreal-based manager of Emerging Market private investment funds

• $2.4 billion raised since founding in 1999

• 160 investments in 55 emerging countries

• All investments screened for ESG with developmental impact reporting provided

Gas pipeline

RealEstate

Container Port Terminal

Oil & Gas

Tire plant

SupermarketsPower GenerationBankCar LeasingOutdoor Advertising

Power Transmission

Gold Mine

Stainless Steel

Hotels

Water Utility

GeothermalPowerGeneration

Pig Breeding

Chemicals

Wood Products

Cement

Soybean Crushing & Logistics

Private PowerGeneration

Glass Factory

Oil & Gas Pipeline

Car LeasingNecktie Manufacturer

Banks

Oil & Gas

Banks

Bank

Regional Infrastructure Bank – Latin America

Toll Road Operator

Fertilizers

Ammonia Plant

Gas power plant Cosmetic

packaging

Potash Mine

Oil & Gas

Oil & Gas

Construction

Building Material Manufacturer

Mobile Telecom

Bank

Diesel Power Generation

Galvanized Steel

Electricity Distribution

Gold mineOil & Gas

Electric Power Generation

Banks

ConsumerPaper

Steel

Petrochemicals

Petrochemicals

Mobile Telecom

Construction EquipmentLeasing

ContainerTerminal

4

• SRI – The Past

• ESG – The Present

• IMPACT – The FutureINVESTING

5

GeothermalPowerGeneration

Nicaragua

• Difficult sovereign risk• Lowest per capital income in

Central America• Power required for growth

6

Petrochemicals

Nigeria

•Security risk in Niger Delta•Gas being flared•Local population shares ownership•Risk reduced, profit increased

7

ContainerTerminal

Vietnam

•Ho Chi Minh growing rapidly•Exports being constrained•New facilities will have extensive developmental impact

8

Forward Looking Investments Have:

•Developmental Impact

•Reduced risk due to local ‘buy-in’

•Sustainable model